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Income Tax Related
Income Tax Slabs - FY 2014-15
Here is the Income Tax Sab details for Financial Year 2014-15 (Assessment Year 2015-16) | Income Tax Slabs for Financial Year 2014-15 & Assessment Year 2015-16 | | Income (INR) | Tax Rate | | Individuals below 60 Yrs incuding Women | | Upto 250,000 | Nil | | 250,000 to 500,000 | 10% of the amount exceeding 250,000 | | 500,000 to 1,000,000 | Rs.25,000 + 20% of the amount exceeding 500,000 | | 1,000,000 & above | Rs.125,000 + 30% of the amount exceeding 1,000,000 | | Individuals above 60 and below 80 Yrs (inc women) | | Income | Tax Rate | | Upto 300,000 | Nil | | 300,000 to 500,000 | 10% of the amount exceeding 300,000 | | 500,000 to 1,000,000 | Rs.20,000 + 20% of the amount exceeding 500,000 | | 1,000,000 & above | Rs.120,000 + 30% of the amount exceeding 1,000,000 | | For Individualls above 80 Yrs incl women | | Income | Tax Rate | | Upto 500,000 | Nil | | 500,000 to 1,000,000 | 20% of the amount exceeding 500,000 | | 1,000,000 & above | Rs.100,000 + 30% of the amount exceeding 1,000,000 | | Notes: | | | Surcharge on Income Tax of 10% is Payable if income exceeds 10 lah rupees. And If the taxable income is above 10 lakhs then the surcharge shall not exceed the amount of income that exceeds 10 lakh rupees. | | | | | Education cess is payable 3% of income tax plus surcharge | Download I.T.Slab 2015-16 Latest Grants Apply for Grants: Sir Dorabji Tata Trust http://www.ngoportal.org/funding-agencies-277-Sir+Dorabji+Tata+Trust+-+Grants.html Training Course for Social Change http://www.ngoportal.org/article-721-TRAINING+COURSE+FOR+SOCIAL+CHANGE.html Community Initiative Awards - IndiaCSR http://www.ngoportal.org/funding-agencies-280-Apply+for+INDIACSR+-+Community+Initiative+Awards+2014.html eNorthEast Award 2014 http://www.ngoportal.org/funding-agencies-275-eNorthEast+Award+2014.html UNAIDS Technical Assistance on HIV Sustainable Financing Frameworks http://www.ngoportal.org/funding-agencies-279-Request+for+Proposals+-+Technical+Assistance+on+HIV++Sustainable+Financing++Frameworks.html Manthan Awards 2014 http://www.ngoportal.org/funding-agencies-274-The+Manthan+Awards+2014+-+South+Asia+Asia+Pacific.html Small Grants - Abilis Foundation http://www.ngoportal.org/funding-agencies-259-ABILIS+Foundation.html Sasakawa PAN Asia Fund http://www.ngoportal.org/funding-agencies-251-The+Sasakawa+PAN+Asia+Fund.html Call for Applications: Vijay Amritraj Foundation http://www.ngoportal.org/funding-agencies-271-Call+for+Applications+-+Vijay+Amritraj+Foundation+%28VAF%29.html For more visit: http://www.ngoportal.org/indian_agencies.html http://www.ngoportal.org/international_agencies.html
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